Brunswick Bancorp Announces Results of Annual Shareholders Meeting – All Nominees Overwhelmingly Elected to New Terms

Rhea-AI Summary

Brunswick Bancorp (OTC: BRBW) announced that its shareholders have overwhelmingly elected management's nominees to the Board, with each receiving around 80% of the votes. The elected members are James Gassaro, Richard A. Malouf, and Bridget Reilly, who will serve three-year terms. Chairman Frank Gumina expressed gratitude for shareholder support as the company continues to implement its strategic plan aimed at improving performance and enhancing shareholder value.

Positive

• Overwhelming support for management's nominees with approximately 80% of votes cast.
• Continuation of strategic plan aimed at improving performance and shareholder value.

Negative

• None.

NEW BRUNSWICK, N.J.--(BUSINESS WIRE)-- Brunswick Bancorp (“Brunswick” or “the Company") (OTC: “BRBW”), the holding company for Brunswick Bank and Trust (“the Bank”), announced that the shareholders of the Company had overwhelmingly voted to elect each of management’s nominees to the Board, James Gassaro, Richard A. Malouf and Bridget Reilly, to new three year terms. Each received approximately 80% of the votes cast at the meeting.

Mr. Frank Gumina, Chairman of the Company, stated: “I thank our shareholders for their continued support as we continue to implement our strategic plan to improve our performance and enhance shareholder value.”

About Brunswick Bancorp

Brunswick Bancorp is the holding company for Brunswick Bank & Trust, a New Jersey chartered commercial bank which serves central New Jersey through its New Brunswick main office and four additional branch offices.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220426006191/en/

Investors

Brunswick Bancorp

Nicholas A. Frungillo, Jr. - President / CEO

David Gazerwitz - VP / Treasurer

732-247-5800

Source: Brunswick Bancorp

FAQ

What recent event did Brunswick Bancorp (BRBW) announce regarding its Board of Directors?

Brunswick Bancorp announced that shareholders overwhelmingly elected management's nominees to the Board, with each receiving about 80% of the votes.

Who are the new nominees elected to the Board of Brunswick Bancorp?

The newly elected nominees are James Gassaro, Richard A. Malouf, and Bridget Reilly.

What percentage of votes did the nominees from Brunswick Bancorp receive?

Each nominee received approximately 80% of the votes cast at the meeting.

What did Chairman Frank Gumina say about the shareholders' support?

Chairman Frank Gumina thanked shareholders for their continued support as the company implements its strategic plan.

What is the stock symbol for Brunswick Bancorp?

The stock symbol for Brunswick Bancorp is BRBW.